Commentary & Deal Flow

Reoffer: 5yr: MS+110bp / 99.683 / 3.946%
Benchmark: 5yr: OBL 2.5 16-Apr-31 @ 98.981 / B+122.4 / HR 99%

Final Books: in excess of €1.4bn. Peak book in excess of €1.9bn (pre-rec)

Launched: 5yr: €350m @ MS+110bp - Books in excess of €1.9bn (pre-rec)
Guidance: 5yr: MS+115a - Books in excess of €1.9bn (pre-rec)
IPTs: 5yr: MS+145/150bp

• Issuer: Hammerson plc (Ticker: HMSOLN; Country: GB)
• LEI: 213800G1C9KKVVDN1A60
• Expected Issue Ratings: Baa2/A- (Moody's/Fitch)
• Format: Reg S, Bearer, NGN, Senior, Unsecured, TEFRA D
• Settlement Date: 08-Jun-26 (T+5)
• Size: €350m
• Maturity: 08-Jun-31 (5-year)
• Re-offer: MS+110bps / 99.683 / 3.946%
• Benchmark: 122.4bps vs OBL 2 1/2 16-Apr-31 @98.981 / 2.722% (HR: 99%)
• Coupon: 3.875%, Fixed, Annual, Act/Act (ICMA)
• Docs / Governing Law / Listing: Under the Issuer’s GBP 5,000,000,000 Euro Medium Term Note Programme dated 24-Apr-26 (the “Prospectus”) / English Law / London Stock Exchange (Regulated Market)
• Issuer Calls: 3m Par Call / MWC (B+20bps) / Clean-Up Call (80%)
• Investor Put: Change of Control Put (Restructuring Event) (100%) applicable as per the Prospectus
• Denominations: €100k+1k
• Use of Proceeds: General corporate purposes
• Selling Restrictions: As per the Prospectus
• Covenants: As per the Prospectus, Condition 4.1(A) and (B), Restrictions on Borrowing
• Active Bookrunners: BNP Paribas, Lloyds (B&D), Mizuho, Morgan Stanley
• Target Market / PRIIPs: Manufacturer target market (EU MiFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs key information document (KID) and no UK disclosure document required by DISC have been prepared as the Notes are not available to retail in the EEA or the UK
• Marketing: https://dealroadshow.com/e/HAMMERSON26
• Advertisement: This communication is an advertisement. The Prospectus and the Final Terms relating to the securities, when published will be, available on the Issuer’s website Debt Investors | Hammerson
• ISIN / Common Code: XS3392861913 / 339286191
• Stabilisation: Relevant stabilisation regulations including FCA / ICMA will apply
• Timing: TOE: 16:06 UKT | FTT 16:30 UKT